The New Democrat Online

Friday, February 8, 2013

Foreign Affairs: Economy: Roger C. Altman: The Fall and Rise of The West

The Fall and Rise of the West: pWhile the grim effects of the 2008 financial crisis still resonate across the globe, the recession wasn't all bad: it triggered fundamental economic restructuring, and the result is a U.S. economy poised to emerge stronger than it was before. Although it's too soon to say with certainty, even Europe may come out ahead./p

FRSFreeState-
I like where America is headed economically in the next 5-10 years if we successfully address the national debt and deficit quickly. Because we have energy and manufacturing industries that are poised for a boom as well as a housing market thats coming back as well. We still have to move forward in infrastructure investment and encouraging American business's and others to invest in the United States. Because right now they are sitting on trillions of dollars that could be invested in America that would spark. Economic and job growth but because we addressed the Great Recession when we did and are now dealing with. Our national debt and deficit we are poised to rebound and hopefully put our economy back where it was in. 2005 and 2006 but go further and we have work to do as it relates to. Our immigration system and we need to address poverty in America. Bring down our level of poverty and put those people to work so they can take care of themselves and not collecting from. Public assistance which would also help us bring down. Our debt and deficit because we would have more workers paying income taxes.

In the next two years if America address's its debt and deficit successfully and quickly. We'll have the opportunity to address four key areas that will all benefit our economy and allow for us to not only grow. Our economy but expand our economy and make it larger and more productive with rising wages across the board. These four areas are immigration, infrastructure, energy and education and all four of these areas result in investment. In the American economy which leads to economic and job growth, so both America and Canada both are in solid position to move their economies forward. And be able to compete very well with the emerging superpowers in the World. China, Russia, Brazil and India whereas Europe is still stuck in neutral or declining and have issues they still need to address. So their economy can finally start recovering again.